Price Guide:
• Established tenant in multiple locations
• Rental - $110,000 pa +GST
• Lease Term – Ten (10) year term with further option
• Building Area: 215 sqm*
• Annual increases of 5%
• Corner tenancy with floor to ceiling windows
Aston Commercial in conjunction with KMPC are pleased to offer Shop 1, 56 Cotham Road, Kew to the market via Public Auction on Thursday 4th March at 12 noon on-site.
SECURE, SAFE INVESTMENT
This expansive corner tenancy sits beneath THE ALEXANDRA apartment complex, a high-end and striking development by Franze’ Developments completed in 2020. This exceptional building only metres from Kew Junction and right across from the Alexandra Gardens is perfectly positioned in one of Melbourne’s most tightly held and affluent suburbs.
Leased to established medical based tenants Sports, Podiatry & Physiotherapy this is the perfect long-term holding investment with the security of a 10 year lease term to tenants in a field that continues to go from strength to strength. This vendor friendly lease will see significant growth over its tenure and buyers can also be rewarded with significant depreciation costs in this recently completed tenancy.
Please contact Liam Rafferty & Jeremy Gruzewski at Aston Commercial or Keith Murray at KMPC to discuss further or arrange your private inspection.
*approx.
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